Pure Plant Oil Market: Introduction
Transparency Market Research delivers key insights on the global pure plant oil market. In terms of revenue, the global pure plant oil market is estimated to expand at a CAGR of 5.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global pure plant oil market.
The global pure plant oil market is broadly affected by several factors, including increase in usage of pure plant oil in various end-use industries such as automotive, personal care & cosmetics, food, and others. The rise in global demand for food and automotive has led to significant growth in usage of pure plant oil. The increase in production and demand for food is likely to be the primary driver for the global pure plant oil market.
Pure Plant Oil Market: Dynamics
Pure plant oil, also known as or pure vegetable oil (PVO) or straight vegetable oil (SVO), either raw or refined, is mainly composed of vegetable glycerides. It is obtained from edible or inedible fruits or seeds of various and very different oleaginous crops, such as palm, cotton, sunflower, jatropha, karanja, soybean, rapeseed, brassica, copra, and groundnut.
Pure plant oil can only be used in a specific type of internal combustion engine, namely the diesel engine, and only if it is heated to 80° C (176° F), at which point common vegetable oils are no more viscous than cold diesel fuel. When heated, the vegetable oil is thin enough to get through modern injection pumps and injectors without causing damage.
The global food segment is expected to expand considerably during the forecast period. Thus, rise in production of food is projected to boost the demand for pure plant oil during the forecast period.
Manufacturers are focusing on food, as the share held by this segment in the pure plant oil market is likely to increase during the forecast period.
Pure Plant Oil Market: Prominent Regions
Asia Pacific holds major share of the global pure plant oil market. The market in the region is anticipated to expand at a CAGR of more than 7% during the forecast period. Increase in demand for pure plant oil in various end-use such food and automotive is driving the pure plant oil market in Asia Pacific. China is a key country of the pure plant oil market in Asia Pacific. It held significant share of the pure plant oil market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe is also a prominent region of the global pure plant oil market. Germany led the pure plant oil market in Europe in 2020. Increase in demand for pure plant oil in food and automotive industries is driving the market in Germany.
Pure Plant Oil Market: Major Players
The global pure plant oil market is consolidated, with the presence of key players. Prominent players operating in the global pure plant oil market include N.S. Associates, The Kroger Co, Cargill, ANDRITZ, FUJI OIL CO., LTD, Oryza Oil & Fat Chemical Co., Ltd., OHTA OIL MILL, ADM, AVRIL SCA, EFKO Group, Bunge North America, Inc., Olam Group, Wilmar International Ltd, and Maschinenfabrik Reinartz GmbH & Co. KG.
Global Pure Plant Oil Market: Segmentation
Pure Plant Oil Market, by Type
- Vegetable Glycerides
- Hydrogenated Glycerides
- Edible or Inedible Fruits
- Edible or Inedible Seeds
- Pumpkin Seeds
- Jojoba Seeds
- Mahua Seeds
- Oleaginous Crops
- Others (including Vegetable Fats and Oil Plants)
Pure Plant Oil Market, by Process
- Cold Pressing
- Solvent Extraction
- Others (including Cleaning and Refining)
Pure Plant Oil Market, by Application
- Piston Steam Engines
- Internal Combustion Engines
- Steam and Fuel-powered Turbines
- Cooking Oil
- Others (including Candles and Perfumes)
Pure Plant Oil Market, by Process
- Personal Care & Cosmetics
- Others (including Agriculture and Textiles)
Pure Plant Oil Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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